FSC Paper Co. entered an agreement to sell its assets to an entity controlled by Madison Paper, Madison, Maine. Madison Paper is an affiliate of Myllykoski Corp., a Finnish-based company.
FSC Paper also announced that to complete the sale the company, it filed for Chapter 11 Bankruptcy Protection with the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division.
According to a release by the company, while under the jurisdiction of the court FSC will operate its business as a debtor in possession.
The mill, located in Alsip, Ill., is a producer of newsprint. It is a large consumer of recovered fiber from sources in the Chicago area.
Explore the February 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
